In July Russia exported 305 thousand tons of raw aluminum, up by 21.8% MoM and by 40.5% YoY. In 7 months exports totaled 1.9 million tons, up by 20.6% YoY. In monetary terms since the start of the year the exports have grown by 18.3%. Export prices in July dropped from $1680 to $1670 per…Details
Severniy Mining and Processing Works has spent over 1 billion UAH on modernization of its quarry machines. In particular, the Pervomaisky quarry received 2 BelAZ dump trucks and 1 Liebherr bulldozer. The latter will be used in the construction of new roads. In June 2 more BelAZs were added to the company fleet. Together they…Details
In July Russia exported 8.5 thousand tons of copper wire rod, up by 154% MoM, but down by 40% YoY. The increase is due to the growth of deliveries to Egypt to 3.1 thousand tons, and to Kuwait to 1.3 thousand tons. In 7 months exports totaled 74.6 thousand tons, down by 10.6% YoY. In…Details
In July Russia imported 39.9 thousand tons of copper ore and concentrate, up by 15.2% MoM, but down by 19.4% YoY. Deliveries from Malaysia totaled 23 thousand tons, and from Peru – 16.8% thousand tons, up by 53% MoM. In 7 months copper ore imports decreased by 29.7% YoY, to 247 thousand tons. In monetary…Details
Mechel-Service supplies rebars for the construction of new surgery premises of the cardiology center.
The construction began in July.
Mechel-Service supplies A500 rebars manufactured at Chelyabinsk Iron and Steel Works.
So far 200 tons have been shipped. (Ukrainian metal)
On September 11 Akron Holding started managing the operation of the Volzhskaya Metallurgical Company, the manufacturer of aluminum sections. Until the end of the year Akron Holding will carry out a number of steps to improve financial conditions of the company. In particular, the product portfolio will increase and the machinery will be modernized. Volzhskaya…Details
India’s Commerce & Industry Minister Mr Piyush Goyal launched Steel Import Monitoring System to give advance information about steel imports to government and stake holders. The SIMS will provide advance information about steel imports to Government and stake holders including, steel industry, steel consumers to have effective policy interventions. In this system, the importers of…Details
Kuzbassrazrezugol has finished the scheduled replenishment of technological automobiles for 2019. The company subsidiaries have received and put into operation 87 new BelAZ quarry dump trucks with the lifting capacity of 90 to 360 tons. This year the company has purchased 49 units of 220-ton BelAZ-75306 trucks and 24 BelAZ-75131 with the lifting capacity of…Details
In January-June Metinvest decreased net profit by 39% YoY, to $408 million.
The company revenue dropped by 6%, to $5.818 billion, and EBITDA – by 33%, to $890 million.
At the same time the total and net debts remained unchanged – $2.753 billion and $2.474 billion respectively. (Ukrainian metal)
Base metals prices on the Shanghai Futures Exchange were down during the morning trading session on Tuesday September 17, with risk aversion still heightened following an attack on Saudi Arabian oil facilities over the weekend. “It was a textbook risk-off response in global financial markets following the strike on Saudi Arabia’s oil facilities over the…Details
Despite the fourth quarter of the year being well under way, it has been surprising to see the Indian subcontinent markets still stuck in the ongoing doldrums. As we reach the middle of September, markets have not been this depressed for several years (at least) and the pervading negativity seems to show few signs of…Details
The Turkish steel producers went quiet in the deep-sea scrap markets at the beginning of the current week, digesting the latest cargo transacted from the United States, sources said on Monday September 16. A steel mill in the Izmir region booked a US cargo at the end of last week, comprising 15,000 tonnes of HMS…Details
From the editor’s Desk – India’s Sustainability Leader Mr YPS Suri all set to Start Next Inning of life from October
With a missionary zeal to advocate and promote sustainability for protecting the planet with an appeal to consume less in every walk of life in alignment with National Mission to mitigate corrosion through sustainable solutions, Mr Yatinder Suri established, led and guided the chosen team for the Indian subsidiary of Finnish stainless steel global leader…Details
Key data from the pricing sessions in New York, London and Shanghai in the week ending Friday September 13. United States Key drivers Spot silicon fell below $1 per lb on the low end for the first time in three years in the United States, on excess supply and the undercutting of domestic material by overseas suppliers.…Details
JSW Steel on September 13th 2019 challenged an order of the National Company Law Tribunal that approved its INR 19,700 crore bid for Bhushan Power and Steel, but did not provide immunity from attaching the insolvent firm’s assets, post-take over, by investigating agencies for recovering INR 5,580 crore fund digression by erstwhile promoters. Mentioning JSW…Details
Stocks of the five major finished steel items at Chinese traders and steel mills declined further during the week of September 5-11, mainly due to the fact that actual demand witnessed increases as downstream consumers showed stronger intention for making procurement, Mysteel Global learned from the market. Total inventories of the five major steel items…Details
LIVE FUTURES REPORT 16/09: LME copper price sinks below $5,900 in afternoon downturn; nickel sell-off continues
The three-month copper price on the London Metal Exchange was lower at the close of trading on Monday September 16, below nearby support levels, while a continued sell-off in nickel futures saw that commodity’s outright price fall by 2.6%. Volumes traded in copper over the afternoon were moderate, with some 17,000 lots exchanged by the…Details
IANS reported that in a setback for the mining industry, the government is set to reject a proposal to extend non-captive mining leases of companies that are expiring after completing 50 year period in March, 2020.
MANILA, Sept 16 (Reuters) – Chinese steel futures hit a 1-1/2-month high on Monday on hopes that Beijing will roll out more stimulus measures after latest economic indicators showed deepening slowdown in the world’s second largest economy. China’s industrial production grew at the weakest pace in 17-1/2 years in August, a sign of increasing weakness…Details
Turkish prices for hot-rolled coil and cold-rolled coil (HRC, CRC) continued to fall last week on low demand and soft scrap prices, sources told Fastmarkets on Monday September 16. HRC exports Fastmarkets’ weekly price assessment for steel HRC, export, fob main port Turkey, was $455-465 per tonne on September 13, down by $5 per tonne…Details
Business Line reported that the Steel Ministry would ensure that raw material demands of steel manufacturers, especially secondary steel producers, are met when the mining leases expire in 2020. Minister of Petroleum & Natural Gas and Steel, Mr Dharmendra Pradhan said that the Steel Ministry is working with Ministry of Mines for least disruption in…Details
JSW Steel Ltd, India’s most valuable steel producer, is predicting declines for iron ore next year as demand from biggest consumer China eases and supplies recover. Prices may trade between $80 and $85 a ton for the rest of 2019 before sliding to $60 to $65 next year, Seshagiri Rao, joint managing director of the…Details
In January-August Ukraine produced 6.87 million tons of 6% moisture bulk coke, down by 6% YoY. In August deliveries of coking coal to by-product coke plants grew by 3% MoM, to 1.19 million tons, including 430 thousand tons of domestic coal, up by 10%, and 760 thousand tons of imported coal. In 8 months deliveries…Details
The Northern Pipe Company has commissioned its fifth pipe-welding mill 16-51.
The new mill will cover the growing demand for the cold-rolled and galvanized coils.
The company will now also be able to increase small diameter pipes output to 70 thousand tons per year. (Ukrainian metal)